Arbitrum (ARB)

Arbitrum is a Layer 2 scaling solution for Ethereum, designed to enhance the network's speed and reduce transaction costs. By utilizing Optimistic Rollup technology, it processes transactions off-chain while maintaining Ethereum's security through fraud-proof mechanisms.

Key Features:

• Scalability: Processes transactions off-chain to alleviate Ethereum's congestion.
• Lower Fees: Significantly reduces transaction costs compared to on-chain operations.
• EVM Compatibility: Fully compatible with Ethereum's Virtual Machine, allowing seamless deployment of existing smart contracts.
• Security: Inherits Ethereum's security model, ensuring robust protection for users.
• Developer-Friendly: Supports existing Ethereum tools, making it accessible for developers.